
Los Angeles, California 90056
This property presents a High-Potential Investment Opportunity with a List Price of $1,999,999—positioned well below the $1,895,682 Fair Market Value by -5%. Featuring a 2,502 sqft floor plan and a Condition Rating of 5, the home requires a full renovation to unlock its value. Proximity to top-tier schools like Farragut Elementary enhances long-term appeal. This asset is ideal for Fix-and-Flip Investors or Contractors seeking a significant value-add project in a high-demand Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5456 Marjan Avenue Subject | $1,999,999* List Price | 3 | 3 | 2,502 | $758 | - |
A 5018 S Chariton Avenue Active | $2,150,000 List Price | 4 | 3 | 3,044 | $706 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977 (47 years old), the property is explicitly marketed as a renovation project and investment opportunity. The description states it is ready for updates and being sold in its present condition, indicating that the kitchen, baths, and major systems are likely original or significantly dated and require a full rehab.
Elementary School: Farragut Elementary School (9/10).
As a renovation-ready property, this home offers a prime opportunity for investors or owner-users to customize finishes and build substantial equity in a high-demand market.
With 2,502 square feet of living space, the property provides a spacious and versatile floor plan that is considerably larger than many standard three-bedroom homes in the area.
The property is being sold in its present condition and requires immediate capital for updates and improvements, which may limit financing options for some buyers.
Despite the premium price point and desirable Ladera Heights location, the property lacks the panoramic or city views often sought after by luxury buyers in this neighborhood.
Great opportunity to customize and add value to this property. Home offers solid potential and is ready for updates and improvements. Ideal for buyers seeking a renovation project or investment opportunity. Property is being sold in its present condition. Buyer to verify all property information and condition to their satisfaction.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,502 | 1,664.159 |
| Lot Size | 5,775 | 6,066.556 |
| Price | $2.00M | $1.35M |
| Price per sq ft | $799 | $806 |
| Built year | 1977 | 1939 |
| HOA | $0 | $278 |
| Days on market | 113 | 55 |
May 19, 2026
$1,999,999
Initial Listing